Group bullish after landing deals with councils

Mears Group has secured social housing contracts worth 拢156m in the past two months, according to a pre-close trading update released today.

The 拢156m contract wins included a three-year 拢60m deal for Gateshead council and a five-year 拢40m contract for Tamworth council.

In a bullish statement, chief executive David Miles added the group was also ramping up its operations to take on 拢50m of contracts on or around 1 April.

Miles said: 鈥淭he first quarter of 2012 will see the most intense period of new contract mobilisation in our history with five significant new contracts due to start on or around 1 April 2012 with an annual value of 拢50m.鈥�

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